A Sales Invoice Included the Following Information: Merchandise Price, $4,500;

question 66

Multiple Choice

A sales invoice included the following information: merchandise price, $4,500; transportation, $300; terms 1/10, n/eom, FOB shipping point.Assuming that a credit for merchandise returned of $600 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?

• A) $3,861
• B) $4,158
• C) $4,161
• D) $4,200

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Definitions:

Adolescence

The transitional stage of physical and psychological development that occurs between childhood and adulthood, typically starting from puberty to legal adulthood.

Identity Formation

The process through which an individual develops a distinct personality and sense of self, often influenced by social relationships and experiences.

Social Attributes

are the characteristics, traits, or qualities that define an individual's social identity, affecting how they are perceived by others.